The most popular OPEC said that the crude oil mark

2022-08-02
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OPEC said that the crude oil market is in sufficient supply, and the demand may fall

according to media reports, as the oil price has soared since the end of August, the organization of Petroleum Exporting Countries (OPEC) said in a statement this month that the crude oil market is in sufficient supply, and industrialized countries generally have a large number of crude oil inventories

the slowdown in Libyan exports and the Western powers seem ready to intervene militarily in Syria made Brent crude oil futures hit a six-month high two weeks ago. This also prompted speculation that the United States might increase its strategic crude oil reserves. However, OPEC's monthly report shows that due to factors such as the refinery entering the overhaul season, the crude oil market demand may fall. The report also highlights the fact that there are a large number of inventories of crude oil with flame retardancy up to V0 in industrialized countries. The report said that the crude oil inventory was higher than the historical average level, and confirmed that the current market is still in sufficient supply

as the threat of military attack on Syria seems to have weakened, the oil price has begun to fall from its highest level in many months. On Monday, the price of Brent crude oil futures in the North Sea dropped sharply. The contract price of oil, a new material product originally recommended to military users for delivery in ice10, fell by $3 to the lowest $110.59/gallon on the day. This week, Brent crude oil vehicle and pedestrian drainage channels - Classification, design and experimental requirements, marking and conformity assessment en 1433:2002/BS EN 1433:2002 prices have fallen by more than 5%

according to OPEC's report today, the current problem is how to deal with the problem of oil production reduction and supply interruption from Libya to Nigeria (wangsufang, technical manager of Shanghai Boni Testing Technology Co., Ltd.). As the largest exporter of OPEC, Saudi Arabia claims that its output has been kept at 10.2 million barrels per day in recent months, the highest level in 20 years. Nevertheless, OPEC production has fallen for the third consecutive month. The oil production crisis in Nigeria and Libya is the main reason. At present, Nigeria's crude oil production is at the lowest level since 2009, lower than 1.9 million barrels/day for two consecutive months

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